____________is the Risk in any activity, regardless of the existence or effectiveness of controls. Where as ___________is the extent of uncertainty remaining after the mitigating effects of the control system are in place. The extent to which an organization has implemented controls to minimize the actual occurrence of the risk determines the vulnerability to the risk actually occurring.

Question

Quizplus · Accepted Answer

Inherent risk is the risk present in an activity before any controls are applied, while control risk is the risk that remains after controls are implemented.

____________Is the Risk in Any Activity, Regardless of the Existence